Average salary for a stock trader in Australia
- Thread starter blaz0430
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Yep! Im not with them but I guess it's like anything else hey!? You get what you pay for. But if you are still jumping around from one thing to the next trying to find the "holy grain" then you probably have no idea what I mean by that...
Porper
Ralph Nelson Elliott
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The opposite is true in most cases.
These fly by the night courses that sell for $5,000 then want another $10,000 for the advanced course are pure scams. You can join several services that I know of for less than $1000 a year, and they have a positive expectancy.
But...people are greedy and are enticed by the wild claims of massive gains. They get taken for a ride and then expect refunds for their own stupidity. Never going to happen.
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True but I'd doubt most people would follow every single signal for eternity. When the going gets tough and your're launching into a big draw down you are likely to give up, probably close to the deepest part of the draw down too. I've been there and done that, luckily I didn't go into a draw down but I gave up because I didn't trust the signals.
Write your own strategy, test it, etc. etc... This way you will know what to expect and are much more likely to follow it. With that said, the profits are not as consistent as you would hope.
My short term strategies are at new equity highs about 45% of the time. My long term system is at new equity highs only about 15-20% of the time. The latter would be tough going if you were relying on it for income (I don't). That's why I have most of my equity in the short term systems, they are my 'income'. Some months are dry, others it's raining cash. That said, you need a good buffer for the dry times and exercise control and bank a bit when the coin is rolling in the door.
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